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SolGold Plc
Summary
| Project: | Cascabel | |
|---|---|---|
| Deposit: | Cascabel | |
| Location: | Ecuador | |
| Commodities: | Copper-Gold | |
| Date: | 8/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-8-2017: SolGold Plc announces an Exploration/Drilling Update report for its Cascabel deposit at the Cascabel project. JV - Drilling results incl. 919.95m @ 0.48% Cu, 0.31g/t Au from 956.0m. The Board of SolGold (AIM and TSX code: SOLG) is pleased to pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | The Board of SolGold (AIM and TSX code: SOLG) is pleased to provide an update on the drilling results of Holes 26 and 27 and the drilling progress at Cascabel, the Company’s 85% owned copper-gold porphyry project in Ecuador. Commenting on the current drilling, SolGold CEO, Nick Mather said: “Hole 26 results have demonstrated a clear extension of Alpala to the northwest, with much more intense mineralisation than evident in Holes 11 and 13. It appears that Holes 11 and 13 may have skirted the top southwest side of the deposit, underscoring the importance of the magnetic modelling. We now envisage a second large block cave target at Alpala Northwest. Hole 27 has extended the halo mineralisation on the south east side of Alpala Central.” SolGold’s Alpala deposit continues to grow with each new drill hole as drilling focuses on high grade porphyry centres at Alpala Northwest, Alpala Central and Alpala Southeast. Over 44,500m of drilling has been completed to date along the greater Alpala trend (Figure 1). The use of the Devico drilling technique for deviated path holes from existing parent holes is delivering savings of up to three weeks and $500,000 per drill hole. Hole 26 (Rig 4 Alpala Northwest), was completed on 30th July at a depth of 1875.9m. Assay results returned an open ended 809.95m grading 0.72% copper equivalent. Hole 26 extends Alpala mineralisation 300m to the northwest of Hole 15R2 (which returned 830m grading 0.93% copper equivalent). A strongly mineralised diorite intrusion encountered in the lower portion of Hole 26 confirms the Alpala Northwest deposit at depth, some 400m below the intersection achieved in Hole 13 of 190m @ 0.82 % copper equivalent (0.63 % Cu, 0.31 g/t Au). Mineralisation intersected in Hole 26 presents second a potential large block cave target for the project. | |
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